Chicago sending city households back to ComEd
Crain’s recently reported that after more than 1 year of charging customers MORE than COMED and the City will send them back to the utility (AFTER the summer)!
http://www.chicagobusiness.com/article/20150421/NEWS11/150429969
No one likes an “I told you so”…..so I won’t say it.
One year ago: I posted: Chicago electric bills to rise up to 18% in June
http://realgyenergyservices.com/chicago-electric-bills-rise-18-june/ which included the following:
The idea is that “aggregation” of the residents will provide the marketer the ability to deliver a lower price. If that were the case, no one could beat the utility because the question is who would be a bigger aggregator than a utility? The utility AGGREGATES everyone in the state. Yet, Realgy beats ComEd and Ameren consistently. So why can’t municipalities come in lower?
The difference is cost of service and overhead.
Municipalities require energy marketers to deliver savings compared to the utility, take on billing and collections, and pay the municipality a portion of the margin. The simple fact remains; the cost municipalities want to collect makes them higher than the utility.
Realgy continues to post savings compared to both COMED and Ameren.
To learn more about how Realgy Energy Services’ variety of programs that can help you save money on electricity, call 877-300-6747, or visit www.realgyenergyservices.com.
Realgy Energy Services is a registered energy marketer with a A+ rating with the Better Business Bureau and able to save you money on your natural gas and electricity usage anywhere in Illinois.
Electricity Savings with Fixed Pricing
SETTING A FIXED RATE FOR ELECTRICITY IS A GREAT WAY TO SAVE…IF IT’S BELOW THE UTILITY’S PRICE
We all look for ways to save. Oftentimes savings opportunities exist, but we’re not aware of them, or we’re too busy to look into them further. COMED and Ameren forecast their summer rates in early Spring….that’s the time to lock in a fixed rate for the upcoming summer. Setting a fixed price for more than one season means you will probably pay more than the utility during the next season.
SAVE AND MANAGE YOUR BUDGET
Budgeting for electricity for an entire year can be a challenge due to fluctuations in usage. Colder month prices are typically lower, as usage is less. Prices jump during the summer months as demand increases. So how do you make spending more predicable? By setting a fixed price during the highest cost season (summer) when demand is highest. During winter a variable rate allows you to save when prices decline.
WHEN TO LOCK IN A RATE
The best way to save on electricity is to think seasonally. Since demand is at its peak in the summer months, setting a fixed rate for this period will provide a level of assurance, and can help you save. With Realgy’s PriceWatchTM we will watch market prices, utilizing our proprietary trading and computer services, and alert you when a fixed rate is in line with your budget and can beat the utility.
How to Get a Good Deal from an Energy Marketer
I am often asked how to get a “good deal” in choosing an energy supplier?
In the past, my answer typically began with an explanation of how “deregulation” or “customer choice” developed (which gets me glassy-eyed looks), which was followed by general advice such as: determine the quality of supplier; review the terms and conditions and then the pricing.
However, as we are having renewals with our customers reoccurring for the 4th, 5th and 6th time, I think what these customers have told me is more relevant….
In addition, during our 12+ years we seen many, many processes from consultants, aggregators or in request for proposals, I have consolidated these experiences into what I believe is a list of best practices;
1. Assemble a copy of all your bills (either electric or gas) including the following (this will help you eliminate or question what a marketer sends you in step 2).
a. Identify the energy cost on the bill(s).
b. Identify the delivery cost on the bill(s).
c. Add up the total energy used (either kwh for electric or Therms for natural gas) for 1-12 months, pairing each month with the energy cost (the delivery cost will not change).
2. Contact marketers and ask them for a proposal for service.
a. A list is available at: http://realgyenergyservices.com/customer-services/web-links/ under each utility.
b. Eliminate the ones who do not reply.
c. For ones who reply, ask for a comparison for at least the last 12 months of how their proposal price compared to the utility cost. Again, eliminate those who do not respond.
d. Look at how the marketer’s pricing and the utility pricing are presented.
IN MANY CASES marketers may be above a utility in some months; they should be able to explain why.
AVOID those that are above the utility for 12 months in a row.
AVOID those marketers whose comparison does not accurately show the utility cost.
3. With the marketers who responded and sent you their pricing comparison, ask for their terms and conditions (contract or Agreement). Read their agreements paying special attention to the following;
a. Pricing; is it defined, how long does it last, and what happens when it ends?
b. Quantity; if you’re buying a fixed price make sure it says how much gas you’re buying at the fixed price and what happens if you use more or less than that amount. If you’re buying a variable rate, it should state it’s for all your usage or “open” quality.
c. Renewal; when do you have to give notice to terminate, what happens if you don’t?
d. Additional Services: is storage included, what about changing plans (from variable to fixed), taxes, service fee, online access, answered customer service (vs. automated attendants), etc. Some additional service is worth the price, some are not.
While not an official step, there are good reasons to eliminate a marketer from consideration (in other words, absolutely avoid), such reasons include;
a. No trade references or BBB accreditation.
b. An initial rate (fixed or variable) that lasts only 1-6 months and renews which is followed by a different (perhaps) vaguely defined price. These are known as “teaser” rates and will inevitably cost you more than the utility.
c. Language that doesn’t make sense is not clear in its intent or clearly favors the marketer.
d. A renewal date scheduled during the winter or summer. Make sure you can terminate your agreement for natural gas or electricity in April or May. This will give you the best period to switch or renew during a “low” energy usage period when pricing is more stable and you will not be under pressure to continue the agreement.
Natural Gas price increased 27% on February 18, 2014
To keep track of the wholesale prices please enroll with Realgy’s NYMEX reports. It will send you NYMEX end-of-day reports daily.
Realgy is working to ensure our pricing stays as low as possible. Given we are all dealing with the coldest winter in 20 years and the highest energy prices in over 5 years.
Ten Wood-burning Fireplace Safety Tips
A nice wood burning fireplace will help decrease your winter heating bills and keep the house warm. But beware, heating fires account for 36% of residential home fires every year. Make sure to have your fireplace and chimney inspected and cleaned by a professional at least once a year. And throughout the winter, practice these 10 fireplace safety tips from Realgy Energy Services.
Five Fireplace Safety Dos:
- Use only seasoned hardwoods such as maple, oak, ash, and birch, which will burn hot and long. Green and soft woods produce more creosote.
- Check for creosote build ups. Creosote is a flammable byproduct that can build up in the chimney if wood is not burning completely.
- When building a fire, place the logs at the back of the fireplace on a metal grate.
- Install Smoke Detectors on every floor and keep a charged fire extinguisher on hand.
- The area around the hearth should be clear of decorations and debris.
Five Fireplace Safety Don’ts
- Do not use flammable liquids to start the fire; instead use kindling, or small dry twigs.
- Do not build the fire too big. A smaller fire will generate less smoke and creosote buildup. An overly large or hot fire could end up cracking the chimney.
- Never burn cardboard boxes, trash or debris in your fireplace.
- Never leave a fire unattended. Always extinguish the fire before leaving the house or going to bed.
- Never empty ash directly into a trash can. Always allow ash to cool completely before disposal.
Sources:
U.S. Fire Administration, “Fireplace and home fire safety”
DIY network, “10 tips for maintaining a wood-burning fireplace”
How To Squash Those Summer Utility Bills
Check out this great post by Farmers District Office 84
How to keep your food safe during a power outage
Food in the refrigerator will be safe for up to 4 hours without power. Any longer than that and perishables such as meat, poultry, fish, eggs, and any leftovers should be discarded. Along with the perishables, toss anything that has been above 40 degrees for over 2 hours, according to federal food safety guidelines.
Freezers will stay cold for up to 48 hours if it is full and 24 hours if half full (just another reason to get that extra ice cream!) As long as the temperature does not go above 40 degrees for more than two hours food should be useable; even partially thawed food can be refrozen.
The key things to keep in mind:
- Keep the refrigerator and freezer closed – each time you open the door precious cold air is lost.
- NEVER taste food to tell if it is still good – it is safer to just toss it.
- Discard anything that has come in contact with raw meat or its juices.
- 40 degrees is the magic number – if it is 40 degrees discard it.
Sources:
FoodSafety.gov, Refrigerated Food and Power Outages: When to Save and When to Throw Out
FoodSafety.gov, Frozen Food and Power Outages: When to Save and When to Throw Out
CDC, What You Need to Know When the Power Goes Out Unexpectedly
5 energy-saving tips that cost $10 or less
There are plenty of very expensive ways to save energy and reduce your utility bills, but if you’re on a budget or don’t want to spend unnecessary money on home improvements, Realgy Energy Services has a list of 5 energy-saving ideas that will cost $10 or less.
1. Turning off your lights when you’re not in the room will cost $0 but will save you money!
Lighting accounts for about 10 percent of a typical household’s electricity bill, so turning off your lights when you’re not in the room is a great way to save some money off lighting costs, whether or not you upgrade to CFL light bulbs.
To find out how much money you can save simply by turning off lights when you’re not using them, head over to energy.gov
2. Installing low-flow shower heads and faucet aerators for under $10 each can help reduce the amount of hot water you use in your home.
This improvement can be a significant source of energy savings since about 73 percent of the water used in a typical shower is hot water. Using low-flow shower heads and faucet aerators can reduce your home’s water heating costs by as much as 50 percent.
3. Replacing an old incandescent light bulb with a CFL will cost less than $10.
Incandescent light bulbs may be cheaper than compact fluorescent lamps (CFLs) but they also waste a lot of energy, Ninety percent of the energy used by a traditional incandescent bulb is given off as heat. In addition, incandescent bulbs burn out much faster than CFLs which last at least 6 times longer and use about 75 percent less energy. According to the U.S. Department of Energy, upgrading 15 inefficient incandescent light bulbs to CFL or LED bulbs could save about $50 per year.
Still confused about the difference between watts and lumens? Check out this Realgy Energy Services blog post: Watt vs Lumens: How bright is that light?
4. Use a $10 power strip to slay energy vampires.
Just plug your devices into it and flip the strip’s power switch on when you want to use your devices and off when you don’t. Make sure not to use power strips with devices that have to run in standby mode to operate, like DVRs
Standby or vampire power as it is most commonly referred to, wastes $10 billion of electricity annually in the United States alone. The average US household has about 40 electronic devices that constantly draw small amounts of power.
5. Depending on how much you need, most homeowners can weather strip their windows and doors for under $10.
More than 20 percent of all the heated and cooled air that escapes your home sneaks out through gaps around windows and doors. When installing weather stripping, it is a good idea to measure the perimeters of the doors and windows needing weather stripping, total them up, and add about 10 percent to that number to make sure you have enough weather stripping.
Learn how to select and apply weather stripping at energy.gov
If you are still looking for ways to reduce your energy bills, enroll with a registered energy supplier like Realgy Energy Services. Check out Realgy Energy Services rates and see how much you could be saving www.realgyenergyservices.com
Sources:
ENERGY STAR, “Light Bulbs”
Energy.Gov, “Lighting Choices to Save You Money”
Energy.Gov, “Reduce Hot Water Use for Energy Savings”
ENERGY STAR, “Standby Power and Energy Vampires”
Energy.Gov, “Weather Stripping”
Energy.Gov, “When to Turn Off Your Lights”
Business Energy Saving Tips
Check out this great infographic from The Hub, which highlights easy ways for businesses to reduce energy bills. Print it out and share with everyone in the office; the more people aware of the energy savings possibilities, the more effective it will be.
Simple changes can significantly reduce business electricity costs.
If you are looking for an even larger reduction in your commercial electricity costs, consider enrolling with Realgy Energy Services as your electricity provider. Our customers have realized cost reductions up to 9.6% as compared to the local utility. Find us online www.realgyenergyservices.com or call 877-300-6747 to speak with an account representative today.
Source:
Utility Exchange Online, Business Energy Saving Tips – An infographic
Space Heater Safety
Space heaters can be a convenient way to temporarily heat a room or a small space, but if used improperly, space heaters can cause nasty burns or worse, create a fire hazard.
According to The U.S. Consumer Product Safety Commission, space heaters are associated with an estimated 25,000 residential fires and nearly 300 deaths each year. More than 6,000 people receive ER care for non-lethal burns resulting from contact with the heating elements or hot surfaces of space heaters.
Here are a few tips to use your space heater safely:
- Always follow the manufacturer’s instructions when installing, operating, and maintaining your space heater.
- Keep anything that may be flammable at least three feet away from space heaters.
- Place your space heater on a level, hard, non-flammable surface. Do not ever place on rugs or carpets.
- Avoid using extensions cords, but if absolutely necessary, use a heavy-duty cord of 14-gauge wire or larger.
- Never use your space heater near water because of the possibility of shock or electrocution.
- Always turn off your space heater when leaving the room or going to bed.
Source:
energy.gov, Portable Heaters